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Selected Interest & Exchange Rates Weekly Series of Charts JUNE 6,1977 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15.00 per year or $.40 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Division of Administrative Services, and make payment remittance payable to the order of the Board of Governors of the Federal Reserve System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATES H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE -LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES ft INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES CHART 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO S C A L E MAY 1 9 7 0 P A R I T Y = 1 0 0 RATIO SCAL MAY 1 9 7 0 P A R I T Y - 1 0 CANADIAN DOLLAR 100 12c FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 - 10C - 12C 80 / I JAPANESE YEN FRENCH FRANC — - / 1 •> v V \ - - r \ , . __ WW ——' v — 1 ! 1 ii I n h i l i i 10C I l l l l l l l l l l SWISS FRANC GERMAN MARK 140 120 160 / v _ — 140 — A a J DUTCH1 GUILDER — BELGIAN FRANC y* —s_ ^—' r • 120 100 — 1 1 1 1 1 1 IIIIIIMIM i i l i i l i i l n 100 100 ITALIAN LIRA U.K. POUND - 60 60 1975 1977 1975 1977 i CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM 6 + Aa CANADIAN DOLLAR 0 - 6 PER CENT PER ANNUM + 0 U. K. POUND DUTCH GUILDER GERMAN MARK SWISS FRANC 6 12 18 6 + 0 6 6 JAPANESE YEN + 0 PER CENT ON S C A L E E Q U A L S 1 PER CENT ON A L L OTHER FRENCH FRANC 6 12 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 180 180 12.5 Kg BARS 160 AFTERNOON FIXING PRICE 160 140 140 120 120 100 100 80 M i l l 1975 1977 80 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS VvL JAPAN - - OVERNIGHT EURO-DOLLARS I I I I I I i i 111 h i l i i - 16 U.K. 2 - D A Y LOCAL AUTHORITY - \ I CANADA I I FRANCE I I I aJ I NETHERLANDS EURO-DM GERMANY 1975 EURO-SWISS FRANC 1977 1975 1977 12 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 CANADIAN FINANCE CO. PAPER UNITED STATES C D ' s 8 4 I I I I I I II I I I I I I 14 U.K. INTERBANK STERLING 10 GERMAN INTERBANK RATE 6 2 14 EURO-DOLLAR SWISS INTERBANK RATE 10 JAPAN MONTHLY 6 I 1975 1977 1975 I III II 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 12 3-MONTH - - V v I I I / X v \ v v V M l , i l l , I , I 7-DAY 6-MONTH A - M, 1-MONTH - 1-YEAR 12 Vv\ - " 1975 1977 i l l I I 1975 I l l l l I I I I I II 1977 4 # # # # # # # CHART # # # # 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS 8 FEDERAL FUNDS DASHED LfNE 90-DAY CD*S >-V DASHED LINE 4 DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS + 0 1975 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM EURO-DOLLAR DEPOSITS - INTERBANK STERLING INTERBANK DM COVERED COVERED FRANKFURT LONDON 12 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL llllI CANADIAN FINANCE CO. PAPER, 11 I I I 111 I I I 11 I 1 I 1 liilnli COVERED EURO-DOLLAR DEPOSITS 12 - 6 - 12 U.S. COMMERCIAL PAPER DASHED SWISS INTERBANK (SF) COVERED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL J—I—I—I—I—I 1975 I i l l 111 i i 111 IIIII11111 1977 1 _ L 1975 1111111' I n 11111111111 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANN PER ( NT PER ANNUM CANADA 9 UNITED STATES 7 III I I 5 12 \ \/\ 10 JAPAN INDUSTRIAL . - r SWITZERLAND - \ 8 GERMANY 1 1 1 6 I I I 13 11 FRANCE UNITED KINGDOM 9 7 NETHERLANDS 5 12 U.S. CORPORATE U.S. CORPORATE MONTHLY MONTHLY / \ 10 EURO-DOLLAR BONDS Aaa BONDS 8 EURO-DM BONDS 6 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 140 - - - UNITED STATES 100 — 80 - RATIO SCALE 1969=100 - I 60 I I I I I I IIIIIIMIM UNITED KINGDOM 360 280 - — - V" JAPAN __ 200 — 160 - - I 120 I I I I I iiliiliiln uliil.ilii 180 140 SWITZERLAND CANADA 100 - 80 - 60 180 140 — - 140 - 100 FRANCE GENERAL INDEX 100 80 60 GERMANY - \ V'nv - \ - i i i l l 1975 l lllilllllll - H lllilllllll 1977 80 60 1975 1977 SERIES NAME SPOT EXCHANGE RATES CHART 1 . U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . 89.98 129.8 5 155.27 146.91 71.58 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 102.88 112.29 174.63 138.62 70.5 5 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . CHART 4 . 1 1 1 1 1 1 1 -1.14 -5.1 2 2.12 -4.63 1.88 3.00 0.22 JUNE 1 143.76 JUNE JUNE MAY MAY MAY MAY MAY JUNE MAY MAY 1 1 27 27 27 27 27 3 13 27 5.36 5.62 7.25 6.50 4.30 3.84 5.25 9.00 0.93 3.57 JUNE JUNE APRIL JUNE JUNE JUNE JUNE 1 1 5.40 4.32 8.04 6.00 7.13 7.83 4.03 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE LAST VALUE PLOTTEI DATE VALUE 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN 1 1 1 1 SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 1 1 1 I 1 1 5.62 # 5.50 5.63 6.00 6.; 6.68 JUNE JUNE JUNE JUNE JUNE JUNE 1 1 1 1 1 1 5.62 5.36 0.49 6.00 5.40 0.51 EURODOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE JUNE JUNE 1 1 1 6. 2.71 3.29 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE JUNE JUNE 1 1 1 5.50 5.99 -0.49 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE JUNE JUNE 1 1 1 6.00 6.44 -0.44 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JUNE JUNE JUNE 1 1 1 6.00 5 .91 0.09 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . CHART 8 . JUNE JUNE JUNE JUNE JUNE JUNE # SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS LAST VALUE PLOTT# DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. .HART 1 0 . 27 3 20 27 20 13 20 7 .41 6 .19 7 .84 4 .17 8.77 10 . 9 7 7.08 11 . 5 4 APRIL APRIL APRIL 8.04 6.79 7.58 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY JUNE APRIL MAY MAY MAY MAY MAY CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS r LAST VALUE PLOTTE DATE VALUE MAY MAY MAY MAY MAY MAY MAY 27 13 6 6 27 20 20 100,. 0 3 251 .53 93,. 1 7 76 . 6 9 107.86 73,. 3 2 97,. 4 8 F E D E R A L R E S E R V E statistical release * v f*4L H.10 JUNE FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 3, 6, 1977 1977 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the f o l l o w i n g noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY, AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND MAY 30 H 0 L I D A Y MAY 3 1 (RATE U . S . CENTS) JUNE 1 110.3000 5.96000 2.77150 95.1200 16.6200 24.5200 20.2300 42.3900 11.3300 171.9100 0.11290 0.36065 40.2700 4.3700 40.5150 96.0000 19.0000 2.5800 115.0000 1.4472 13.7000 22.7800 39.9250 171.9100 1 10.3500 5.95000 2.77250 94.8900 16.6100 24 . 4 9 0 0 20.2300 42 . 4 2 5 0 11 . 3 3 0 0 171 . 9 0 0 0 0.11290 0.36060 40.2500 4.3700 40 . 5 500 96.0500 19.0600 2.5800 115.0000 1.4468 13 . 7 0 0 0 22 . 7 9 5 0 40 .0 0 0 0 171 .9000 JUNE 2 110.3700 5.96000 2.77550 94.7000 1 6 . 62 00 2 4.5300 20.2400 42.4600 11.3300 17 1 . 6 9 0 0 0.11290 0.36160 4 0.2500 4.3700 4 0 . 6 2 00 9 6.0000 19.0725 2.5800 115.0000 1 . 4 4 84 13.7000 2 2.8100 4 0.1100 171.6900 JUNE 3 110.4100 5 . 960 00 2.77250 94.840C 16 . 6 1 0 0 24.540 0 20.2100 42.4200 11 . 3 0 0 0 171.7700 0.11290 0,36195 4 0 . 2 500 4.3700 40.5400 96.0500 1 9 . 0 500 2.5*00 114 . 7 5 0 0 1.4451 13 . 7 000 22.7450 40.1900 1 7 1 . 7 700
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